BPM Critical as Cloud Analytics Rise
Cloud computing is evolving to the point that more organizations are using the technology to support analytics efforts. With this move underway, businesses need to seriously consider how they will integrate data, processes and applications to ensure users can leverage analytics functionality in the most efficient way possible. Business process management software can play a vital role in helping organizations connect information across a variety of process and technology channels, empowering workers to get the job done as efficiently as possible.
“Big data will become a cost sink if the information isn’t put to use.”
Looking at the rise of cloud analytics
According to a recent study from ReportsnReports, many organizations are working to align their cloud and data analytics strategies in order to more effectively track and analyze data created on channels like social media. This has led to the growing markets for data analytics and cloud computing to effectively crash into one another, leading to significant potential for expansion. The study predicted that the cloud data analytics market will rise at a compound annual growth rate of approximately 26.29 percent during the period of 2014 to 2019.
The news source explained that data storage requirements are expanding at a meteoric pace, creating huge capacity demands across a variety of industries. However, storing this data is not enough. Companies also need to be able to manage databases effectively, delivering information to end users and gathering data from a variety of sources. Cloud computing provides the scalability, manageability and communications functionality that organizations need to handle these challenges.
Using BPM to maximize the value of cloud analytics
BPM tools play a critical role in helping organizations use data effectively, especially as companies can increasingly use a process management system as an application delivery platform. This ability to build robust process functions into apps and services without coding frees organizations to quickly and seamlessly connect users across organizational boundaries.
Big data will become a cost sink if businesses are unable to adequately put the information they collect into action. Cloud computing provides the infrastructure and software capabilities needed to reduce the costs and complexity of big data, but that will not necessarily have a huge role in helping users maximize the technology. Process management technologies that connect operations and data between users can have the direct impact on day-to-day operations that businesses need to ensure big data has a positive impact on their bottom line.